Investment market digest for the week

Economy, investments, and M&A market

The Grain Initiative halted again: russia blocked the registration of inbound fleets to all ports of Ukraine;

State debt increased by 3.7% in the last month;

During the state of war, 27,776 preferential credits were issued for a total of approximately 112 billion UAH – Ministry of Finance;

The total amount of revenues to the state budget in May amounted to 324 billion UAH;

Ukraine increased its electricity imports sixfold in May;

IT services exports from Ukraine fell by 10% in April;

The Council adopted a bill on insurance of investments in Ukraine against military risks at the first reading;

Council deputies propose to postpone companies' permission to purchase agricultural land;

The IMF and Ukraine reached a staff-level agreement on an extended financing programme of $15.6 billion;

Denmark increased funding for the Support Fund for Ukraine by $2.6 billion;

The EU is considering the use of frozen russian assets as guarantees for compensation for damages to Ukraine;

The US transferred a grant of $1.25 billion to Ukraine;

Germany will allocate 5 million euros for the development of the fruit and vegetable industry in Ukraine;

Businessmen Kolb, Shoyfot, and Kirichenko have launched a syndicate of private investors Toloka;

A grant programme for projects based on open data has been launched in Ukraine;

Ukrainian business can receive a grant from $35,000 to $90,000 – Ministry of Economy;

A grant programme for small and medium women and family enterprises is starting in Ukraine;

7 agribusinesses received more than 30 million UAH of state support – Ministry of Agrarian Policy and Food;

Kyiv's Electronmash is planned to be sold for more than 120.8 million UAH;

Kyiv shopping mall Magellan is re-listed for auction on June 8;

Ukreximbank plans to sell 70 pledged land plots in Kyiv Oblast with a total area of 138 hectares;

The Deposit Guarantee Fund plans to sell credit secured by a poultry farm in the Chernihiv Oblast for approximately $1.5 million;

The Deposit Guarantee Fund will auction off a loan secured by a functioning shopping complex and land plots in Kyiv Oblast on June 6;

The Deposit Guarantee Fund will auction off Arkada Bank's retail loan portfolio on June 6;

The State Property Fund will auction off the State Geospatial Data Fund of Ukraine on June 15;

The Zhytomyr oblast cinema centre will be auctioned off on June 14;

The State Property Fund announced that it will renew the five-year lease terms of state property;

In May of this year, Ukrainians purchased 39% fewer passenger cars than in the same period of 2021 – Ukravtoprom;

Ukrainians have dramatically increased loans in non-banking financial institutions since mid-2022 – Zhelezniak;

An online form for assessing the compliance of a farm with the requirements for receiving a grant has been developed – Ministry of Agrarian Policy and Food;

The Cabinet of Ministers approved the financial plan of Ukrnafta for 2023, which anticipates 12 billion UAH in net profit;

Ukrainian pharmaceutical manufacturer Farmak has bought marketing pharma companies in the Czech Republic and Slovakia;

Ukrnafta will attract investors to increase oil production and profit;

Ukrnafta plans to resume production on liquidated wells;

In a month, Naftogaz bought nearly 390 million cubic meters of gas from private companies;

The fitness trainer Reznichenko's firm has again received a state contract for 254 million for roads.

World

The Senate has approved a bill to raise the US debt ceiling;

Gas prices in Europe have risen following a leak at a Norwegian LPG enterprise;

The Hang Seng China Enterprises Index in China has fallen 20% from its peak in 2023 – Bloomberg;

The Japanese Nikkei 225 Index reached a new 33-year high;

In May, oil prices fell almost 11% – Trading Economics;

The European stock market has dropped to a 2-month low;

The ECB warns that rate hikes jeopardise market stability;

The FAO global food price index has fallen to its lowest level since April 2021 – Trading Economics;

Twitter has lost 67% of its value since it was bought by Musk – Bloomberg;

Nvidia's capitalisation crossed the $1 trillion threshold;

Tensions are rising between russia and Saudi Arabia over oil production – WSJ;

Veterinary product maker Dechra Pharmaceuticals agreed to be taken over by EQT for £4.5 billion;

Constellation Energy will purchase a stake in a Texas nuclear power plant for $1.75 billion;

Swedish Handelsbanken is selling part of its Finnish assets for approximately $1.4 billion;

Investment company Lansdowne Partners LLP plans to acquire the equity management company CRUX Asset Management for $1.1 billion;

WE Soda company plans to conduct an IPO on the London Stock Exchange for $800 million – Reuters;

Cargill will sell its poultry business in China to private investment company DCP Capital – Reuters;

Chinese Baidu has created a $140 million fund to support startups like ChatGPT;

The Chinese C919 – a direct competitor to the Airbus A320 and Boeing-737 – has made its first commercial flight.